NTPC-CMP 100.45 - Cup and handle pattern. It can go up to 109, 115, 121, 125 with a closing SL below 93.45. This is for educational purpose and any investment shall be done after consulting financial expert.
Similar pattern has been noticed in case of Vodafone idea case around a month ago when it was at 10.05 and now it is 13.8 almost 38% rise in one month and it met all its targets and exceeded even.
@hrzn, It is presently in sort term down trend or profit booking. Yesterday it closed at 96.1 and taken support of 200EMA. It may take support at 100EMA which is 95 and may go up. Present indications are sideways needs to consolidate and after that we may see the direction of movement